Agecroft Investment has announced a £15 million redevelopment of Edge Street to create a new residential and business community in Manchester’s Northern Quarter.
The completion of Bollin House, a six-storey new structure with ground floor retail space and 14 luxury apartment on the top five floors, will fulfill a long-term investment strategy from Agecroft to revitalise the area by offering a diverse mix of residents, retailers, restaurateurs and other businesses that reflect the creative mood of the Northern Quarter.
The decision was made to construct the new building after all 31 apartments at nearby Agecroft House were successfully let.
Fraser Westbrook, managing director of Agecroft Investments, says: “We’re a genuinely long-term investor in Edge Street and the wider Northern Quarter having owned certain properties there for more than 50 years.
“Our strategic vision has allowed us to create a thriving and exciting community at the heart of the ongoing regeneration of the Northern Quarter as a hub for alternative culture including the music, fashion and creative industries.
“We’ll continue to show our commitment to the area’s immediate and longer term prospects with further financial investments.”